In a Bisnow article published on July 9, Martin Gitlin analyzed the implications of President Trump’s recent executive order, highlighting its potential impact on renewable and alternative energy financing and discussing how this policy could influence the growth of clean energy. The article discussed industry concerns that the order may undercut the temporary relief offered by the One Big Beautiful Bill Act, which allowed solar and wind developers to qualify for tax credits if construction began within 12 months of the bill’s signing and was completed by 2027.

“A lot of people in the industry were very relieved that the bill’s final language gave them the ability to recover hundreds of billions of dollars of sunk investment by getting projects started by July of next year or completed by December of 2027,” said Gitlin.

Gitlin further noted that the president's order now instructs the Treasury Department to adopt a more limited definition of "commencement of construction," which increases the level of uncertainty across the industry.

“The executive order, depending on how the Treasury and the IRS tighten the definition of commencement of construction, could strand all of that investment.”

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